v3.26.1
INTERIM CONSOLIDATED STATEMENTS OF INCOME - CAD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues (Note 3)        
Total revenues $ 4,164 $ 3,699 $ 7,865 $ 7,494
Operating expenses        
Compensation and benefits 723 659 1,414 1,341
Fuel 618 405 1,076 886
Materials 130 124 257 248
Equipment rents 97 103 192 202
Depreciation and amortization 519 493 1,031 997
Purchased services and other 605 572 1,165 1,160
Total operating expenses 2,692 2,356 5,135 4,834
Operating income 1,472 1,343 2,730 2,660
Less:        
Other (income) expense (14) (16) 6 (9)
Other components of net periodic benefit recovery (Note 12) (110) (107) (220) (214)
Net interest expense 237 208 465 424
Gain on sale of equity investment (Note 4) 0 (333) 0 (333)
Income before income taxes 1,359 1,591 2,479 2,792
Income before income tax expense        
Current income tax expense 281 348 541 614
Deferred income tax expense 54 9 69 35
Income tax expense (Note 5) 335 357 610 649
Net income 1,024 1,234 1,869 2,143
Net loss attributable to non-controlling interest 0 0 (1) (1)
Net income attributable to controlling shareholders $ 1,024 $ 1,234 $ 1,870 $ 2,144
Earnings per share (Note 6)        
Basic earnings per share (in dollars per share) $ 1.16 $ 1.34 $ 2.10 $ 2.31
Diluted earnings per share (in dollars per share) $ 1.15 $ 1.33 $ 2.10 $ 2.31
Weighted-average number of shares (millions) (Note 6)        
Basic (in shares) 886.4 923.8 891.6 928.4
Diluted (in shares) 887.1 924.8 892.2 929.5
Dividends declared per share (in dollars per share) $ 0.268 $ 0.228 $ 0.496 $ 0.418
Freight        
Revenues (Note 3)        
Total revenues $ 4,088 $ 3,629 $ 7,716 $ 7,356
Non-freight        
Revenues (Note 3)        
Total revenues $ 76 $ 70 $ 149 $ 138